Nigeria’s United Capital Plc has expanded its footprint into Francophone West Africa with the launch of United Capital Asset Management West Africa Ltd. (UCAMWAL), introducing two CFA franc-denominated mutual funds in Abidjan, Côte d’Ivoire.

The two new funds, the UCAMWAL Bond Fund and the UCAMWAL Diversified Fund, target individual and institutional investors across the eight-member West African Economic and Monetary Union (WAEMU) bloc. Both products are approved by the region’s Financial Markets Authority (AMF-UMOA).

“This product launch signals the kick-off of the expansion of our pan-African footprint,” said Peter Ashade, Group CEO of United Capital. “We are bringing our proven investment expertise into this market to support cross-border investment and Africa-driven prosperity.”

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The Bond Fund is a low-risk, open-ended vehicle focused on fixed-income and money market instruments, while the Diversified Fund blends fixed income, equities, and money market assets for balanced exposure. Both aim to offer wealth creation and capital preservation tools in a region where access to structured financial products remains limited.

United Capital manages over N2 trillion in assets and more than $500 million in mutual funds in Nigeria. The company said the move into WAEMU is part of a broader strategy to build a Pan-African investment platform.

“Our expansion into WAEMU is about more than presence, it’s about impact,” said Ejikeme Okoli, director of Africa Operations at United Capital. “We’re building a financial institution that partners with local economies to unlock long-term prosperity.”

The UCAMWAL launch comes as WAEMU governments seek to deepen capital markets and mobilize domestic savings. The initiative also reflects rising investor interest in diversified vehicles denominated in regional currencies.

Labas Bamba, managing director of UCAMWAL, described the launch as a step towards reshaping asset and wealth management in the region.

“These funds are tailored to meet the distinct needs of our investors, blending global standards with local market insight,” he said.